Vale S.A. (NYSE:VALE) Stake Lifted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its stake in shares of Vale S.A. (NYSE:VALE) by 195.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 64,355 shares of the basic materials company’s stock after acquiring an additional 42,565 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Vale were worth $751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its stake in Vale by 7.8% during the 3rd quarter. Ballentine Partners LLC now owns 13,627 shares of the basic materials company’s stock worth $159,000 after buying an additional 987 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in Vale by 6.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 17,932 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,154 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Vale by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 62,076 shares of the basic materials company’s stock worth $693,000 after buying an additional 1,187 shares during the last quarter. IFG Advisory LLC grew its stake in Vale by 6.1% during the 2nd quarter. IFG Advisory LLC now owns 22,702 shares of the basic materials company’s stock worth $254,000 after buying an additional 1,296 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in Vale by 5.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 28,754 shares of the basic materials company’s stock worth $336,000 after buying an additional 1,375 shares during the last quarter. 21.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on VALE. StockNews.com began coverage on Vale in a research report on Friday, October 18th. They set a “buy” rating for the company. Wolfe Research lowered Vale from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, October 9th. UBS Group lowered Vale from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $14.00 to $11.50 in a research report on Monday, November 11th. Scotiabank reduced their price target on Vale from $16.00 to $14.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 20th. Finally, Morgan Stanley reduced their price target on Vale from $16.00 to $15.50 and set an “overweight” rating for the company in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vale presently has an average rating of “Hold” and a consensus target price of $15.13.

Vale Trading Down 0.3 %

Shares of Vale stock opened at $9.87 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.91 and a debt-to-equity ratio of 0.39. The firm has a market cap of $44.25 billion, a price-to-earnings ratio of 4.57, a price-to-earnings-growth ratio of 0.27 and a beta of 0.94. The business has a fifty day simple moving average of $10.70 and a 200-day simple moving average of $10.97. Vale S.A. has a fifty-two week low of $9.66 and a fifty-two week high of $16.08.

Vale (NYSE:VALE) last announced its earnings results on Thursday, October 24th. The basic materials company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. Vale had a return on equity of 21.07% and a net margin of 22.59%. The business had revenue of $9.55 billion during the quarter, compared to the consensus estimate of $9.61 billion. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities analysts forecast that Vale S.A. will post 2.12 EPS for the current fiscal year.

Vale Company Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.